World Media & Technology Corp. entered into an agreement to acquire 35% stake in PayNovi Ltd. from Anch Holdings Ltd. for $1.4 million on March 30, 2015. Under the terms of agreement, World Media & Technology shall acquire 350 shares of PayNovi and shall issue its 1.36 million shares and 3.94 million shares of its shareholder, World Assurance Group, as consideration. The deal is not subject to any consent, waiver, authorization or order of, give any notice to, or make any filing or registration with, any governmental authority or other Person in connection with the execution, delivery and performance by the entities.

World Media & Technology Corp. completed the acquisition of 35% stake in PayNovi Ltd. from Anch Holdings Ltd. on March 31, 2015.